Former LPL Broker Sentenced to 4.5 Years in Prison for Defrauding Clients

A federal judge has sentenced a former LPL Financial representative to 4½ years in prison for swindling clients out of more than $1.2 million.

Paul McGonigle, 67, of Middleboro, Mass., pleaded guilty in February to one count of investment adviser fraud, two counts of money laundering, three counts of wire fraud, one count of mail fraud, and one count of aggravated identity theft.

McGonigle’s…